WASHINGTON — The decision by three state attorneys general to join a case challenging the Dodd-Frank Act's constitutionality has boosted its chances and expanded the scope well beyond the community bank that originated it.

"The fact that AGs are bringing it gives it more credibility than if it just came from a stand-alone bank in Texas," said Ralph "Chip" MacDonald 3rd, a partner at Jones Day in Atlanta. "They're committing their states' funds and their reputations to it."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.